Saputo Inc. (TSE:SAP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$25.60 and traded as high as C$28.81. Saputo shares last traded at C$28.72, with a volume of 522,849 shares trading hands.
Analyst Ratings Changes
Several research firms have issued reports on SAP. Scotiabank decreased their price objective on shares of Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. TD Securities reduced their price objective on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, National Bankshares raised their price objective on shares of Saputo from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Saputo has a consensus rating of "Moderate Buy" and a consensus target price of C$30.88.
Check Out Our Latest Stock Report on SAP
Saputo Stock Performance
The company has a market capitalization of C$12.11 billion, a P/E ratio of -76.90, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The stock's 50 day simple moving average is C$26.90 and its two-hundred day simple moving average is C$25.60.
Saputo Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, June 17th. Saputo's payout ratio is presently -203.48%.
Saputo Company Profile
(
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Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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